Notes to SEFA
Title: Loan/loan guarantee outstanding balances
Accounting Policies: 1. BASIS OF PRESENTATION: The accompanying schedule of expenditures of federal awards (the "Schedule") includes the federal award
activity of Columbus Housing Partnership, Inc. ("Homeport") and Elim Senior Housing, Inc. under programs of
the federal government for the year ended December 31, 2024. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of
Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit
Requirements for Federal Awards ("Uniform Guidance"). Because the Schedule presents only a selected
portion of the operations of Columbus Housing Partnership, Inc. and Affiliates, it is not intended to and does not
present Columbus Housing Partnership, Inc. and Affiliates' consolidated financial position, changes in net assets, or cash flows. 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: (a) Expenditures reported on the Schedule are reported on the accrual basis of accounting. Such expenditures
are recognized following the cost principles contained in the Uniform Guidance, wherein certain types of
expenditures are not allowable or are limited as to reimbursement.
(b) Homeport and Elim Senior Housing, Inc. have elected not to use the 10 percent de minimis indirect cost rate
as allowed under the Uniform Guidance. (c) Pass-through entity identifying numbers are presented when available. (d) The outstanding balance of loan and loan guarantee programs at December 31, 2024 with continuing
compliance requirements which are reported as federal expenditures on the accompanying schedule of
expenditures of federal awards was $7,710,300.
(e) The Supportive Housing for the Elderly Section 202 Capital Advances received by Homeport and Elim
Senior Housing, Inc. are reported as net assets with donor restrictions at December 31, 2024.
De Minimis Rate Used: N
Rate Explanation: The auditee did not use the de minimis cost rate
The outstanding balance of loan and loan guarantee programs at December 31, 2024 with continuing
compliance requirements which are reported as federal expenditures on the accompanying schedule of
expenditures of federal awards was $7,710,300. The Supportive Housing for the Elderly Section 202 Capital Advances received by Homeport and Elim
Senior Housing, Inc. are reported as net assets with donor restrictions at December 31, 2024.